Whale Incurs $737k Loss on GOOGL Longs Before Switching to Leveraged MU Position

Address 0xC8b liquidated $13.5M in GOOGL longs at a $737k loss post-earnings, reallocating capital into a $23.9M leveraged MU position with a $354.91 liquidation price.

Woofun AI reports that investor 0xC8b accumulated 38,800 shares of GOOGL valued at approximately $13.5578 million between 10 p.m. and 4 a.m., averaging $349.28 per share. Following the earnings release, the entity reduced holdings starting at 5:43 a.m. and fully closed the long positions two hours later at $330.29, realizing a loss of $737,000.

The whale subsequently shifted capital into MU, purchasing 24,600 shares with 3x leverage for a total position value of approximately $23.9561 million. The average entry price for this new holding stands at $977.60, resulting in a current floating loss of approximately $97,900 and a liquidation threshold of $354.91.